The governor of the Bank of England (BoE), Mervyn King, was defeated in his attempt to expand the BoE's quantitative easing (QE) programme earlier this month, according to minutes from the monetary policy committee (MPC) meeting released today.
King voted to increase the size of the BoE's asset purchase programme by £25 billion to £400 billion, and was joined in his stance by fellow MPC members Paul Fisher and David Miles. However, the three were outvoted by the remaining six members of the comm
- Turkish central bank carries out emergency rate hike as currency falls
- US House passes deregulation bill with bipartisan support
- Podcast: San Fran Fed’s Daly on gender inequality in central banks
- BoE research says digital currency would ‘strengthen’ policy transmission
- Brazil’s central bank launches fintech laboratory